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FEDERAL RESER VE BANK O F NEW YORK Fiscal Agent of the United States f Circular No. 4 5 5 5 1 I January 15,1958 J RESULTS OF BIDDING FOR 91-DAY TREASURY BILLS DATED JANUARY 16, 1958 To all In corporated Banks and Trust Companies, and Others Concerned, in th e Second Federal R eserve D istrict: A t the time of printing our Circular No. 4553, dated January 14, 1958, announcing an offering of 91-day Treasury bills, to be dated January 23, 1958, the results of bidding for the previous week’s issue of 91-day Treasury bills, to be dated January 16, 1958, and to mature April 17, 1958, were not available. The results, now avail able, are: Total applied for . . $2,681,857,000 Total accepted ........ $1,700,522,000 (Includes $440,996,000 entered on a non competitive basis and accepted in full at the average price shown below) Range of accepted competitive b id s: Equivalent rate of discount approx. High .......................... 99.350 2.571% per annum L o w ............................ 99.344 Equivalent rate of discount approx. 2.595% per annum Average .................... 99.345 Equivalent rate of discount approx. 2.591% per annum (93 percent of the amount bid for at the low price was accepted) Federal R eserve D istrict Total A pplied f o r Total A ccepted Boston .......................................................... New Y o r k ...................................................... Philadelphia ................................................ Cleveland ...................................................... Richmond ...................................................... Atlanta .......................................................... Chicago ........................................................ St. L o u is ........................................................ Minneapolis .................................................. Kansas C i t y .................................................. Dallas ............................................................ San Francisco .............................................. $ 48,144,000 1,796,895,000 43,772,000 71,910,000 28,928,000 64,314,000 293,693,000 44,830,000 20,703,000 65,882,000 52,622,000 150,164,000 $ Total .......................................... $2,681,857,000 $1,700,522,000 A 27,204,000 1,031,151,000 26,860,000 64,209,000 22,797,000 57,831,000 194,175,000 44,535,000 19,085,000 50,835,000 41,882,000 119,958,000 lfred H ayes, President.
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